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Billionaire Profile
Ted Alfond
Global Rank
#1140

Image: Public domain | via Wikimedia Commons

Ted Alfond

CEO, Dexter Shoe Company
US
Real-Time Net Worth
$2.5B
As of December 2025
Age
81
Source
Shoes
Industry
fashion-retail
Citizenship
US

Biography

Ted Alfond, born in 1945, is an American billionaire businessman. His wealth stems from his inheritance of Berkshire Hathaway shares, a result of his father Harold Alfond's 1993 sale of Dexter Shoe Company to Warren Buffett. Ted Alfond, along with his siblings, inherited shares in Berkshire Hathaway, catapulting them into the billionaire ranks. He is a part-owner of the Boston Red Sox and has been involved in various philanthropic endeavors, contributing to charitable organizations. As of December 2025, his estimated net worth is $2.5 billion, and his main source of wealth is Shoes.

Wealth Over Time

In-Depth Profile

Early Life

Ted Alfond was born in 1945 to a Jewish family. His parents were Dorothy (née Levine) and Harold Alfond. Harold Alfond founded the Dexter Shoe Company in 1958.

Rise to Success

After graduating from Rollins College in 1968, Ted Alfond joined the Dexter Shoe Company as an executive vice president. He played a crucial role in the company's growth and success. In 1995, the Dexter Shoe Company was sold to Berkshire Hathaway for $433 million in Berkshire Hathaway stock. Ted Alfond inherited a significant portion of Berkshire Hathaway shares when his father passed away in 2007, making him and his siblings billionaires.

Key Business Strategies

Ted Alfond's career highlights include his successful career in the footwear industry. He played a key role in the growth of the Dexter Shoe Company.

Philanthropy

Ted Alfond is known for his philanthropic endeavors and has made significant contributions to various charitable organizations.

Career Milestones

1968

Graduated from Rollins College

Graduated from Rollins College in 1968.

1995

Dexter Shoe Company sold

The Dexter Shoe Company was sold to Berkshire Hathaway.

2007

Inherited Berkshire Hathaway shares

Inherited shares in Berkshire Hathaway, making him a billionaire.

Philanthropy & Social Impact

Education, Healthcare, and Youth Development

Harold Alfond Foundation

$425M+

The Harold Alfond Foundation has donated over $425 million in grants, primarily in Maine, since 2007.